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Market volume of Global Meat Segment, 2022 - 2030 (million kilograms)

Industry: Consumer
Current: Market Sizing & Shares

Market volume of Global Meat Segment, 2022 - 2030 (million kilograms)

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Global dairy segment

The dairy market consists of retail sales of butter and spreadable fats, cheese, cream, dairy-based and soy-based desserts, drinkable yogurt, milk, soymilk and soy drinks, yogurt, and fromage frais and quark.

Market analysis of global dairy segment

The global dairy market registered moderate growth during the review period. Market growth is expected to accelerate over the forecast period. Increasing disposable income and rapid urbanization are the primary factors supporting market growth. Rising health consciousness among consumers is fueling the demand for lactose-free products such as butter, yogurts and cheese. Asian countries such as Indonesia, China and India registered robust growth, which supported the strong growth of the global dairy market. Notably, in 2019, Asia-Pacific accounted for the largest share of the global dairy market.

Who are the leading players in this dairy market?

French company Danone Group is the leading player in the global dairy market, accounting for a significant percentage of the market's value in 2019, and is expected to retain its lead position in the coming years. The company has a strong foothold in the yogurt segment, where it accounted for a relevant percentage of the segment's value in 2019.

Groupe Lactalis is the second leading player in the global dairy market, accounting for a fair percentage of the market's value in 2019. The company has a strong foothold in the cheese and cream segments, where it accounted for a relevant percentage, in 2019.

Chinese company Yili Group is the third leading player in the global dairy market, accounting for an adequate percentage of the market's value in 2019. The company has a strong foothold in the drinkable yogurt segment, where it accounted for a significant percentage of the segment's value in 2019.